Sterneck Capital Management LLC Has $1.08 Million Stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Sterneck Capital Management LLC lowered its holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,357 shares of the company’s stock after selling 1,620 shares during the quarter. Sterneck Capital Management LLC owned about 0.12% of iMGP DBi Managed Futures Strategy ETF worth $1,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Bank of Canada FI lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 12.3% in the second quarter. National Bank of Canada FI now owns 35,016 shares of the company’s stock valued at $990,000 after buying an additional 3,837 shares in the last quarter. Private Advisor Group LLC lifted its position in iMGP DBi Managed Futures Strategy ETF by 34.5% in the 2nd quarter. Private Advisor Group LLC now owns 101,597 shares of the company’s stock valued at $3,054,000 after acquiring an additional 26,049 shares in the last quarter. VitalStone Financial LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 110.1% during the 2nd quarter. VitalStone Financial LLC now owns 23,918 shares of the company’s stock valued at $719,000 after purchasing an additional 12,536 shares during the last quarter. CoreCap Advisors LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter worth approximately $2,350,000. Finally, Leelyn Smith LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 16.0% during the 2nd quarter. Leelyn Smith LLC now owns 214,268 shares of the company’s stock worth $6,441,000 after purchasing an additional 29,505 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.3 %

DBMF stock opened at $26.33 on Wednesday. The firm has a market capitalization of $919.71 million, a PE ratio of 24.50 and a beta of 0.04. iMGP DBi Managed Futures Strategy ETF has a twelve month low of $25.92 and a twelve month high of $30.63. The stock’s 50 day moving average is $26.97 and its 200-day moving average is $27.91.

About iMGP DBi Managed Futures Strategy ETF

The iMGP DBi Managed Futures Strategy ETF (DBMF) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund aims to emulate the performance of a group of CTA hedge funds. The funds model allocates weights to derivatives selected by the funds active managers. DBMF was launched on May 8, 2019 and is managed by iM.